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20 Cards in this Set
- Front
- Back
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ONE WHO REPRESENTS ANOTHER IN ALL MATTERS IS KNOWN AS?
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GENERAL AGENT
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ONE WHO REPRESENTS ANOTHER IN A SPECIFIC RANGE OF MATTERS IS A?
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SPECIAL AGENT
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A LISTING IN WHICH ONLY ONE BROKER IS EMPLOYED AND THE PRINCIPAL RETAINS THE RIGHT TO SELL THE PROPERTY WITHOUT COMMISSION IS?
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EXCLUSIVE AGENCY
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THE LISTING THAT PROVIDES THE MOST PROTECTION TO THE BROKER?
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EXCLUSIVE RIGHT TO SELL
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A LISTING WHERE IT IS PERMISSIBLE FOR THE PRINCIPAL TO HAVE A LISTING AGREEMENT WITH MORE THAN ONE BROKER IS?
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OPEN LISTING
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WITH AN OPEN LISTING FOR THE BROKER TO BE PAID A COMMISSION THE BROKER MUST SHOW THAT HE/SHE IS THE?
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PROCURING CAUSE
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A LISTING THAT IS LEGAL IN ARIZONA, BUT ITS USE IS DISCOURAGED BY THE AZ REAL ESTATE DEPT. IS A?
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NET LISTING
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AN APPROACH THAT DETERMINES THE VALUE OF THE IMPROVEMENTS SEPARATELY FROM THE VALUE OF THE LAND IS THE?
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COST APPROACH
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AN APPROACH THAT UTILIZES A COMPARATIVE SALES ANALYSIS IS THE?
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MARKET DATA APPROACH
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AN APPROACH THAT CONVERTS PROJECTED NET INCOME TO AN INDICATION OF VALUE IS THE?
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INCOME APPROACH
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THE PRESENT WORTH SOMEONE WOULD EXCHANGE FOR THE FUTURE BENEFITS OF OWNERSHIP IS?
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VALUE
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THE FOUR CHARACTERISTICS OF VALUE ARE?
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DEMAND, UTILITY, SCARCITY, TRANSFERABILITY
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THE MOST PROFITABLE USE TO WHICH LAND CAN BE UTILIZED, THE ONE THAT WILLBRING THE GREATEST RETURN?
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HIGHEST AND BEST USE
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A PROPERTY OBTAINS MAXIMUM VALUE WHEN IT CONFORMS TO THE NEIGHBORHOOD IS PRINCIPLE OF?
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CONFORMITY
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A LOSS IN VALUE DUE TO THE CONSTRUCTION OF A FACTORY NEAR A RESIDENTIAL AREA IS?
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ECONOMIC OBSOLESCENCE
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MONEY SPENT ON A PARTICULAR IMPROVEMENT TO A PROPERTY, SUCH AS A TENNIS COURT, INCREASE RETURNS THEREFORE IS KNOWN AS?
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CONTRIBUTION
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PUTTING SEVERAL PROPERTIES UNDER COMMON OWNERSHIP TO OBTAIN HIGHEST AND BEST USE IS?
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PLOTTAGE
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THE PROCESS OF COMPLETING PLOTTAGE?
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ASSEMBLAGE
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LOSS OF VALUE DUE TO WEAR AND TEAR OF THE PROPERTY?
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PHYSICAL DEPRECIATION OR PHYSICAL DETERIORATION.
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LOSS OF VALUE DUE TO OUTMODED EQUIPMENT, STYLE, ETC...
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FUNCTIONAL OBSOLESCENCE
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